AIG bailout
#21
Re: AIG bailout
Originally Posted by Adam Hopkins
Did the government not think about the negative publicity that all of this has caused for AIG?
You can loan AIG 10 trillion dollars, but if no one continues to use their products or services then they will ultimately FAIL! This company has taken a huge hit in its reputation. Seriously, think about it for one second, a company that sells products to manage money cannot manage their own?
I can assure you that if I need some life insurance or help with my money, a company that was recently almost bankrupt is not going to get my business.
You can loan AIG 10 trillion dollars, but if no one continues to use their products or services then they will ultimately FAIL! This company has taken a huge hit in its reputation. Seriously, think about it for one second, a company that sells products to manage money cannot manage their own?
I can assure you that if I need some life insurance or help with my money, a company that was recently almost bankrupt is not going to get my business.
I'll say it again, AIG is a solid insurance company, what isn't so solid is their choice to get down with mortgages and ----.
Bigwig hit the nail on the head, if you actually have good credit and good legit income you can still get a mortgage and find an incredible deal on a house with all the short sales and foreclosures going on. Anybody with a mind for investment will see this as a great opportunity, not necessarily a crisis.
#22
Re: AIG bailout
I understand that the insurance part of the company was solid, but obviously the financial part of the company has almost caused the whole company to crumble. This mean that if you had a life insurance policy and died the same day the company went under = you got screwed. Their insurance is only good if they have the money to pay your claim.
I also still believe that the "services" they offer are no longer valid. They made extremely **** poor decisions in handling the money. They new the funds were coming from sub prime mortgages, and how risky that market was. They took a risk in counting on those funds and they did not come through. IMO they went to the casino, gambled, lost big, and got bailed out by our tax dollars. I wish "Big Brother" was there for me when I went to Tunica.
I also still believe that the "services" they offer are no longer valid. They made extremely **** poor decisions in handling the money. They new the funds were coming from sub prime mortgages, and how risky that market was. They took a risk in counting on those funds and they did not come through. IMO they went to the casino, gambled, lost big, and got bailed out by our tax dollars. I wish "Big Brother" was there for me when I went to Tunica.
#24
Re: AIG bailout
Originally Posted by Adam Hopkins
I understand that the insurance part of the company was solid, but obviously the financial part of the company has almost caused the whole company to crumble. This mean that if you had a life insurance policy and died the same day the company went under = you got screwed. Their insurance is only good if they have the money to pay your claim.
I also still believe that the "services" they offer are no longer valid. They made extremely **** poor decisions in handling the money. They new the funds were coming from sub prime mortgages, and how risky that market was. They took a risk in counting on those funds and they did not come through. IMO they went to the casino, gambled, lost big, and got bailed out by our tax dollars. I wish "Big Brother" was there for me when I went to Tunica.
I also still believe that the "services" they offer are no longer valid. They made extremely **** poor decisions in handling the money. They new the funds were coming from sub prime mortgages, and how risky that market was. They took a risk in counting on those funds and they did not come through. IMO they went to the casino, gambled, lost big, and got bailed out by our tax dollars. I wish "Big Brother" was there for me when I went to Tunica.
#25
Re: AIG bailout
Originally Posted by stevenb
Fiat money is worthless, look at Africa.. they have 10bn notes... cause of a fucked up economy and inflation.
Save tangible things.. silver, gold, copper, metals... etc..etc.
Personally I'm opting for saving: Ammunition, Guns, Silver, and water.
Save tangible things.. silver, gold, copper, metals... etc..etc.
Personally I'm opting for saving: Ammunition, Guns, Silver, and water.
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